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WEKU
WEKU
Business
The Associated Press

Your price at the pump went up. So did Saudi Aramco's profits — to a new record

Aramco Saudi Aramco Amin Nasser Oil Saudi Arabia OPEC
Saudi Aramco engineers and journalists look at the Hawiyah Natural Gas Liquids Recovery Plant in Hawiyah, in the Eastern Province of Saudi Arabia in 2021. (Amr Nabil/AP)

DUBAI, United Arab Emirates — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.

The increase is a boon for the kingdom and the crown prince's spending power as people around the world pay higher gas prices at the pump while energy companies rake in top earnings.

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